Tag "UK economy"

CHF Forecast – A Volatile Day for GBP/CHF Exchange Rates (Matthew Vassallo)

CHF Forecast – A Volatile Day for GBP/CHF Exchange Rates (Matthew Vassallo)

It’s been a volatile day for GBP/CHF exchange rates, with over a two cent from high to low. Sterling found plenty of support following the Bank of England’s interest rate decision and monetary policy statement this morning. As expected the central bank kept rates on hold at 0.5% and whilst there was no change in the current stimulus programme, it was governor Mark Carney’s speech that caused the markets to react. Carney was far more bullish than many anticipated and said that the central bank would look to raise interest rates to counter rising inflation levels, if they continue to rise. He also mentioned that

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Sterling continues recovery as positive sentiment increases (Joseph Wright)

Sterling continues recovery as positive sentiment increases (Joseph Wright)

The Pound has continued to climb against the majority of major currency pairs in recent weeks, as there appears to be a complete change in sentiment towards the UK economy and the prospects of a higher valued Pound. Towards the back end of last year Sterling was under pressure as poor economic performance coupled with fears of a Hard Brexit dominated financial headlines, although the sentiments seem to have reversed in recent weeks with the Pound hitting the headlines for positive reasons. EU members such as the Netherlands and Spain have advocated for a smooth Brexit transition, whilst hopes of a transitional trading period after

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GBP/CHF Forecast – Have Investors Already Priced in a Rate Hike by the BoE? (Matthew Vassallo)

GBP/CHF Forecast – Have Investors Already Priced in a Rate Hike by the BoE? (Matthew Vassallo)

GBP/CHF rates have dipped slightly this morning, with the Pound losing value against the majority of major currencies during early morning trading. The pair is now trading around 1.3050, having hit a high of 1.3154 earlier this week. Whist the UK economy remains under pressure, the Pound has gained some traction over the past couple of weeks against the CHF. This is likely in part, due to investors pricing in an interest rate hike by the Bank of England (BoE) at their upcoming policy meeting next Thursday. Whilst the majority of analysts (83%) believe that the central bank will hike rates, it is worth noting

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Sterling Finds Support Against the CHF (Matthew Vassallo)

Sterling Finds Support Against the CHF (Matthew Vassallo)

GBP/CHF are trading around 1.25 on the exchange, with the Pound finding some support during yesterday’s. Sterling received a received a boost, following a report that Switzerland’s economy grew at its slowest annual rate in nearly eight years. A slowdown in public spending and an increase in their trade deficit, put pressure on their export reliant economy and caused investor confidence in the CHF to wane. This in turn inadvertently boosted Sterling’s value, despite some poor data for the UK in form of the latest Services PMI figures. These came in at the lowest level in 11 years and would usually have added further pressure

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GBP/CHF Forecast – Will the Pound Recover? (Matthew Vassallo)

GBP/CHF Forecast – Will the Pound Recover? (Matthew Vassallo)

The Pound has found a foothold against the CHF over the past week, with the pair settling around 1.24. This followed some heavy losses earlier this

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Sterling Finds Support Against the CHF – Will This Trend Continue? (Matthew Vassallo)

Sterling Finds Support Against the CHF – Will This Trend Continue? (Matthew Vassallo)

The Pound is likely to remain under pressure against the CHF this week, despite a small upturn over recent days. GBP/CHF hit a high of 1.2850

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GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

The Pound has found some support over the past week, gaining almost two cents on the CHF at its high. GBP/CHF exchange rates are continuing to

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Sterling Spikes Following Carney’s Speech (Matthew Vassallo)

Sterling Spikes Following Carney’s Speech (Matthew Vassallo)

The Pound finally made some headway during Wednesday’s trading, gaining almost two cents against the CHF at today’s high. With GBP/CHF once again trading above 1.24,

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Sterling Under Pressure Following Poor Showing on Super Thursday’ (Matthew Vassallo)

Sterling Under Pressure Following Poor Showing on Super Thursday’ (Matthew Vassallo)

Sterling has come under pressure during Thursday’s trading, following some poor UK economic data releases. Today was dubbed ‘Super Thursday’ by investors, due to host of

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GBP/CHF Rates Fall Following Brexit Comments (Matthew Vassallo)

GBP/CHF Rates Fall Following Brexit Comments (Matthew Vassallo)

GBP/CHF rates have fallen over the past few days, with the pair now trading under 1.25 again. The Pound’s run came to an abrupt halt yesterday

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